RCM Technologies, Inc is a business services provider operating in the Engineering, Specialty Health Care, and Information Technology segments. The Engineering segment offers engineering and design services to the aerospace, energy services, and process and industrial sectors. The company has a strong financial record and has been attracting attention from institutional investors and hedge funds. Recently, the firm’s share prices dropped below its 200-day moving average, drawing the attention of analysts. However, RCM Technologies’ recent earnings report exceeded expectations, revealing earnings per share of $0.47 for the quarter and revenue of $70.22 million. To stay updated with the latest news and analysts’ ratings for RCM Technologies and related companies, interested parties can subscribe to MarketBeat.com’s FREE daily email newsletter.
RCM Technologies, Inc. (NASDAQ:RCMT) experienced a dip in its share prices below its 200-day moving average during Thursday’s trading session. The 200-day moving average was recorded at $14.68, and the stock traded as low as… This occurrence marks a significant movement in the company’s stock prices that many analysts have taken note of.
In a separate report by StockNews.com, the website assumed coverage on RCM Technologies on March 16, 2023. The website gave the stock a “buy” rating. Moreover, the company has a current ratio and quick ratio of 1.46, and a debt-to-equity ratio of 0.28. RCM Technologies boasts a market capitalization of $95.09 million, with a P/E ratio of 5.25 and a beta of 0.87. Additionally, the firm has a 50-day moving average of $13.48 and a two-hundred day moving average of $14.68.
RCM Technologies released its quarterly earnings data on Thursday, March 16, 2023. The company announced earnings per share of $0.47 for the quarter, exceeding the consensus estimate of $0.45 by $0.02. RCM Technologies also revealed a return on equity of 61.62% and a net margin of 7.34%. Its revenue for the quarter amounted to $70.22 million, as opposed to the $67.05 million consensus estimate.
RCM Technologies has recently gained the attention of a number of institutional investors and hedge funds. Citigroup Inc. purchased a new position in RCM Technologies in the first quarter, valued at approximately $26,000. Group One Trading L.P. increased its holdings in the company by 133.7% in the third quarter, now owning 2,737 shares worth $46,000 after acquiring an additional 1,566 shares. Furthermore, JPMorgan Chase & Co. acquired a new position in RCM Technologies in the second quarter, while Lazard Asset Management LLC and Advisor Group Holdings Inc. bought new positions in the company in the same period, spending $60,000 and $69,000, respectively. Collectively, institutional investors and hedge funds own 40.53% of the firm’s stock.
RCM Technologies is a business services provider whose stock is traded on the NASDAQ under the ticker symbol RCMT. With an excellent financial record and growing institutional investment, many analysts are paying close attention to this company’s future prospects.
RCM Technologies, Inc. provides business and technology solutions in three segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment delivers engineering and design services to the aerospace, energy services, and process and industrial sectors. To stay updated with the latest news and analysts’ ratings for RCM Technologies and related companies, interested parties can subscribe to MarketBeat.com’s FREE daily email newsletter by entering their email address.
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